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FINANCIAL STATMENT: https://www.ibm.com/annualreport/2015/bin/assets/IBM-Annual-Report-2015.pdf

Use the IBM Financial Report and the excerpted IBM Financial Statements. NOTE: FOR ANY RATIO THAT REQUIRES YOU TO USE NET SALES IN THE COMPUTATION, USE TOTAL REVENUES. Round all amounts to the nearest two decimal places.

37. Compute the PERCENT OF CHANGE from 2014 to 2015 in Total Liabilities, Total Assets, Total Revenue, and Net Income. Be sure to indicate whether the change is positive or negative

38. Prepare a VERTICAL ANALYSIS or common-size income statement for 2015 for the following items only: Total Revenue, Total Cost, Gross Profit, Total Expense and Other Income, Income from Continuing Operations Before Income Taxes, Provision for Income Taxes, Income from Continuing Operatings, Loss from Discontinued Operations, and Net Income